May 10 BTC & ETH Options Data
18,000 BTC options are about to expire with a Put Call Ratio of 0.64, a Maxpain point of $62,000 and a notional value of $1.2 billion.
280,000 ETH options are about to expire with a Put Call Ratio of 0.74, Maxpain point of $3,050 and a notional value of $800 million.
Crypto markets were weaker this week as volume continued to fall. The outflow dynamics from the US BTC ETF eased, but looking at the Block trade and market trading structure, the weakness in the price has led to a continued weakening of confidence in the market, and IV continues to fall across all major terms, with current IV levels already slightly below the mean water mark, which is supportive, and there is little room to continue to fall at this point in time.
Empirically May has not been a good month for the market, and it is good value for money to buy some monthly puts now.
280,000 ETH options are about to expire with a Put Call Ratio of 0.74, Maxpain point of $3,050 and a notional value of $800 million.
Crypto markets were weaker this week as volume continued to fall. The outflow dynamics from the US BTC ETF eased, but looking at the Block trade and market trading structure, the weakness in the price has led to a continued weakening of confidence in the market, and IV continues to fall across all major terms, with current IV levels already slightly below the mean water mark, which is supportive, and there is little room to continue to fall at this point in time.
Empirically May has not been a good month for the market, and it is good value for money to buy some monthly puts now.
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